Items Tagged with 'disaster relief'


  • Mortgage market quickly bounces back from latest hurricane season

    Government agencies prepare for round two
    Last year was a rough one for homeowners hit by a slew of natural disasters including hurricanes, flooding, and even wildfires. Now, months later, the mortgage market is recovering surprisingly well, according to a panel of experts from government agencies at the Mortgage Bankers Association Secondary conference.
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  • FHA expands on foreclosure relief for 2017 disaster victims

    Offers additional options across various disaster states
    The Federal Housing Administration announced Thursday it is extending its foreclosure relief for the victims of 2017’s natural disasters. It plans to expand mortgage relief to FHA-insured homeowners who live or work in areas impacted by Hurricanes Harvey, Irma and Maria as well as the California wildfires and subsequent flooding and mudslides.
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  • Lessons from past storms should guide mortgage industry in post-storm recovery

    A look back at Superstorm Sandy
    [Expert commentary] Homeowners in Texas, Florida and Puerto Rico have returned to their homes and have begun to assess the damage caused by hurricanes Harvey, Irma and Maria. As mortgage servicers begin to address the concerns of these homeowners, they should pay heed to lessons learned from Superstorm Sandy, which damaged or destroyed more than 650,000 homes in New York, New Jersey and Connecticut five years ago.
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  • President Trump signs Hurricane Harvey relief bill

    Bill passed with “extraordinary bipartisan support”
    President Donald Trump signed H.R. 601 on Friday, which granted relief to victims of Hurricane Harvey. U.S. Treasury Secretary Steven Mnuchin issued a statement Monday, supporting the decision and applauding the bipartisan support in creating the bill.
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  • HUD extends disaster relief to Hurricane Harvey victims

    Estimates 200,000 FHA-insured homeowners live in disaster area
    The U.S. Department of Housing and Urban Development announced it is extending disaster relief efforts to some homeowners in the Houston area. HUD Secretary Ben Carson urged the nation to put aside its differences and focus all efforts on helping those affected by the hurricane.
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  • HUD watchdog sounds alarm on fraud activity

    Sequestration staffing cuts make oversight more difficult
    More fraudulent and abusive activity is surfacing within government housing programs as the Department of Housing and Urban Development finds itself struggling with fewer staff members after sequestration and an inability to implement certain best practices, HUD Inspector General David Montoya told Congress Tuesday.
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